The week continues with the geopolitical news going from worse to worser. But that's not what's driving prices this week. Instead, it's changes to the expectations of further fed funds rate hikes. With the latest PPI and CPI coming up tomorrow and Thursday, we'd better brace for volatility, regardless of what else is going on in the world.
And those are the primary topics for today. Yes, geopolitics are rightfully grabbing headlines but the next set of inflation data will either reinforce or reverse the current trend toward a recognized full pause in Jerry's rate hike scheme....
